Nuance Investments LLC Takes Position in Everest Group, Ltd. $EG

Nuance Investments LLC acquired a new position in Everest Group, Ltd. (NYSE:EG) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 28,398 shares of the company’s stock, valued at approximately $10,145,000. Everest Group accounts for approximately 1.7% of Nuance Investments LLC’s portfolio, making the stock its 16th largest holding.

Several other institutional investors have also recently made changes to their positions in the business. Trifecta Capital Advisors LLC purchased a new stake in Everest Group during the 2nd quarter valued at approximately $29,000. Activest Wealth Management bought a new position in shares of Everest Group during the 4th quarter valued at about $34,000. Raiffeisen Bank International AG purchased a new position in shares of Everest Group during the fourth quarter valued at about $34,000. Cullen Frost Bankers Inc. purchased a new position in shares of Everest Group during the fourth quarter valued at about $37,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Everest Group in the second quarter worth about $39,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Weiss Ratings upgraded Everest Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Cantor Fitzgerald lifted their price objective on Everest Group from $344.00 to $390.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Keefe, Bruyette & Woods upped their price objective on Everest Group from $411.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Barclays increased their target price on Everest Group from $420.00 to $430.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Finally, UBS Group raised their target price on shares of Everest Group from $374.00 to $395.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, Everest Group presently has a consensus rating of “Hold” and a consensus target price of $393.93.

Everest Group Trading Down 1.4%

Shares of NYSE EG opened at $365.02 on Tuesday. The business’s 50 day moving average is $363.79 and its two-hundred day moving average is $345.82. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.35 and a quick ratio of 0.35. Everest Group, Ltd. has a 1-year low of $302.44 and a 1-year high of $401.07. The stock has a market capitalization of $13.99 billion, a P/E ratio of 7.72, a PEG ratio of 0.73 and a beta of 0.29.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $14.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.52 by $0.33. The business had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.99 billion. Everest Group had a return on equity of 13.63% and a net margin of 11.41%.The company’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same period in the prior year, the business posted $16.10 earnings per share. As a group, research analysts expect that Everest Group, Ltd. will post 53.13 EPS for the current year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Wednesday, September 9th will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.2%. The ex-dividend date is Wednesday, September 9th. Everest Group’s dividend payout ratio is presently 16.92%.

Everest Group Company Profile

Everest Group (NYSE:EG) is a global research and consulting firm specializing in strategic advisory, market intelligence, and data-driven analysis for business process, information technology, and emerging technology services. The company provides insights and benchmarks that help enterprises and service providers optimize digital transformation initiatives, sourcing strategies, and operational performance. Through its proprietary research frameworks and data analytics, Everest Group delivers actionable guidance on areas such as automation, cloud migration, customer experience, and supply chain resilience.

With offerings that span advisory engagements, managed services research, and consulting projects, Everest Group serves multiple industry verticals, including banking and financial services, healthcare, manufacturing, telecommunications, and retail.